@Troy Luster I think he means he is setting aside 7% of gross rents every year, so that they'll build up over time for when big ticket items need replacing.Most investors set aside between 5-10% for ongoing repairs and maintenance, and another 5-10% for capex.

I'm leaning more towards buying and hominid route vs flipping however I am curious if flipping would be a good way to build up capital for my first property to buy and hold again any and all advice is greatly appreciated Thank you in advance

You can build up an Airbnb, charge more per night, and get more cash flow than traditional renting.

And you guys thought it was hard to find cash flowing deals now, wait until they all build up :)

If he does walk away, then I get to keep all of the equity build up and then I may need to spend a few thousand to fix up some of the property and then I will just do another option with someone else and I can recoup the money spent to do any repairs.  

That will allow you to build up a network of contractors and suppliers that will enable to to address problems faster and more cost effectively.I would also recommend buying a home warranty program if you are planning to hold the property and make upgrades over time. 

If you are doing a BRRRR and you cannot afford the payment without the refinance at the end then you need to build up a deeper savings, higher income, or look at less expensive property.

Ultimately we want to build up to capitalize on some incredible views with a nice deck.First post after a long time lurking.

Dryer vents require periodic cleaning to prevent buildup of lint and other combustibles, anyway.

I'm thinking it's a good investment due to average rent being around $1200-1500 in this area for 2br apartments this unit has 4 its list is $550k while I can't find a single family under $320k I plan on occupying one unit so after removing one unit from the market I'm still at $3900 and with not rent if my own which will easily cover a mortgage on the property and still make some extra income and give me the ability to build up capital for future property's